Vietnam’s incentives introduced to Singaporean investors
Singaporean firms were briefed on Vietnam’s investment environment and incentives to attract foreign investors at a webinar held by the Singapore Business Federation (SBF) on July 2.
VSIP Bac Ninh - a symbol of Vietnam-Singapore cooperation (Photo: VNA).
Hanoi (VNA) – Singaporean firms were briefedon Vietnam’s investment environment and incentives to attract foreign investorsat a webinar held by the Singapore Business Federation (SBF) on July 2.
Speaking at the webinar from the FYIstival ASEAN edition,Vietnamese Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc saidVietnam is the investment destination of more than 140 countries and territoriesworldwide.
Singapore has been Vietnam’s biggest investor, with about5.64 billion USD or 36.9 percent of total foreign investment in Vietnam in thefirst half of this year, the official added.
Vietnam wishes to continue its cooperation withSingaporean enterprises operating in such potential sectors as digital technology, innovationand creation, and digital economy which Vietnam is focusing on.
The country is also building a number of financialcentres to lure Singaporean investors, according to Ngoc.
Do Nhat Hoang, Director of the ministry’s ForeignInvestment Agency, suggested foreign firms consider investment in processingand manufacturing, high-quality services, and logistics.
Singaporean Ambassador to Vietnam Jaya Ratnam also suggestedSingaporean enterprises invest in education, financial technology, e-wallet ande-commerce in Vietnam.
FYIstival ASEAN edition is the fourth in a series ofcurated country and region-centred briefing sessions targeted at Singaporecompanies and has to date covered internationalisation opportunities inAfrica, South Asia, and Japan.
Running from May to August 2021, the FYIstival ASEAN editioncovers six ASEAN markets – Cambodia, Indonesia, Malaysia, Philippines, Thailandand Vietnam – through a series of 14 virtual events./.
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VSIP Bac Ninh - a symbol of Vietnam-Singapore cooperation (Photo: VNA). 
